Assuming loan approved then the OTA loan condition disappears.
in turn eliminates leverage potential offtake partners had in that their argument to RNU would be you need our OTA to enable loan approval and to progress the development. RNU can start development without OTA, thereby agree OTA in own time on its terms.
This assumes FID without OTA.
Of course signing OTA stil needs to happen sooner rather than later or SP negatively impacted. Buyer/revenue certainty remains critical. But, development progress no longer beholden to OTA.
Assuming loan approved then the OTA loan condition disappears.in...
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Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $161.6K | 1.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1273362 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3025666 | 46 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 10.0¢ | 10.5¢ | 10.0¢ | 1441659 | ||
| Last updated 15.57pm 10/05/2024 ? | |||||
| RNU (ASX) Chart |